3 Reasons to Buy Lemonade, And 1 Reason To Sell

Lemonade (NYSE: LMND) was one of the hottest tech IPOs of 2020. The online insurer priced its shares at $29 last July, but the stock opened at $50 and eventually hit an all-time high of $188 a share this January.

Since then Lemonade's stock price tumbled to about $60 by mid-May. The Texas winter storm in February sparked an unexpected surge in insurance claims, while inflation concerns in the broader economy torpedoed frothier growth stocks like Lemonade.

Lemonade's stock price has subsequently rebounded above $100 a share again, but is this volatile stock worth buying at these levels? Let's discuss three reasons to buy Lemonade and one reason to sell it.

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Source Fool.com